Open Text Corp Announces Proposed Senior Secured Notes Offering

What Happened

• Open Text Corporation announced on September 23, 2026 (via an 8‑K and press release) that it has commenced, subject to market and customary conditions, a proposed offering of senior secured notes of one or more series. The notes are being offered pursuant to Rule 144A and Regulation S under the Securities Act of 1933.

Key Details

• Filing date: September 23, 2026 (Form 8‑K, Item 8.01).
• Security type: proposed senior secured notes (one or more series).
• Offering conditions: subject to market and customary conditions; no size, pricing, interest rate, maturity or use of proceeds disclosed in this filing.
• Company filed a related press release as an exhibit to the 8‑K.

Why It Matters

• A new notes offering increases the company’s potential debt issuance — details on size, pricing and use of proceeds will determine the impact on Open Text’s capitalization and interest expense.
• Because the offering is described as senior secured, holders would have priority claims on specified collateral relative to unsecured creditors; however, the filing does not yet disclose the collateral, terms, or timing.
• Investors should monitor subsequent SEC filings and company announcements for the offering’s final terms (amount, pricing, maturity, collateral and intended use of proceeds) to assess effects on leverage, credit metrics and cash flow.